AIRLINK 74.85 Increased By ▲ 0.56 (0.75%)
BOP 4.98 Increased By ▲ 0.03 (0.61%)
CNERGY 4.49 Increased By ▲ 0.12 (2.75%)
DFML 40.00 Increased By ▲ 1.20 (3.09%)
DGKC 86.35 Increased By ▲ 1.53 (1.8%)
FCCL 21.36 Increased By ▲ 0.15 (0.71%)
FFBL 33.85 Decreased By ▼ -0.27 (-0.79%)
FFL 9.72 Increased By ▲ 0.02 (0.21%)
GGL 10.45 Increased By ▲ 0.03 (0.29%)
HBL 112.74 Decreased By ▼ -0.26 (-0.23%)
HUBC 137.44 Increased By ▲ 1.24 (0.91%)
HUMNL 11.42 Decreased By ▼ -0.48 (-4.03%)
KEL 5.28 Increased By ▲ 0.57 (12.1%)
KOSM 4.63 Increased By ▲ 0.19 (4.28%)
MLCF 37.80 Increased By ▲ 0.15 (0.4%)
OGDC 139.50 Increased By ▲ 3.30 (2.42%)
PAEL 25.61 Increased By ▲ 0.51 (2.03%)
PIAA 20.68 Increased By ▲ 1.44 (7.48%)
PIBTL 6.80 Increased By ▲ 0.09 (1.34%)
PPL 122.20 Increased By ▲ 0.10 (0.08%)
PRL 26.58 Decreased By ▼ -0.07 (-0.26%)
PTC 14.05 Increased By ▲ 0.12 (0.86%)
SEARL 58.98 Increased By ▲ 1.76 (3.08%)
SNGP 68.95 Increased By ▲ 1.35 (2%)
SSGC 10.30 Increased By ▲ 0.05 (0.49%)
TELE 8.38 Decreased By ▼ -0.02 (-0.24%)
TPLP 11.06 Decreased By ▼ -0.07 (-0.63%)
TRG 64.19 Increased By ▲ 1.38 (2.2%)
UNITY 26.55 Increased By ▲ 0.05 (0.19%)
WTL 1.45 Increased By ▲ 0.10 (7.41%)
BR100 7,841 Increased By 30.9 (0.4%)
BR30 25,465 Increased By 315.4 (1.25%)
KSE100 75,114 Increased By 157.8 (0.21%)
KSE30 24,114 Increased By 30.8 (0.13%)

Michel Platini said the two million Swiss francs ($2.1 million) he received from FIFA, a payment which has cast a cloud over his bid to become president of the world football body, was legitimate reward for genuine work. In an interview with Le Monde newspaper published on Monday, the head of Europe's powerful UEFA football federation reaffirmed his determination to run for the top job and said the money was for work he did for FIFA President Sepp Blatter from 1998 to 2002.
Most of the payment, which is being investigated by the Swiss authorities, was only made in 2011. Both Blatter and Platini have denied any wrongdoing over the affair, just one of the controversies roiling the scandal-plagued FIFA. Platini provided an extensive account of how that advisory work and related payments were agreed with Blatter, telling the newspaper he had never been good with finances and that he had even short-changed himself in the case in question.
Platini said he had asked for one million francs a year for the work which included reform of the global competitions calendar, work on subsidies for the poorest federations, funding for football projects and a lot of travel with Blatter. "I've not used lawyers or negotiating agents for ages," the former French soccer star told Le Monde. "It was a man-to-man thing."
Platini said that Blatter had explained that his contract would stipulate an annual sum of 300,000 Swiss francs because that was the top salary rate at FIFA at the time. The rest of the agreed one million a year would be paid at a later date. Over four years, such a catch-up payment would have totalled 700,000 francs a year, or 2.8 million Swiss francs.

Copyright Reuters, 2015

Comments

Comments are closed.